Zaya Development is a UAE-based development company that specializes in elite real estate. The company is a combined venture between Assoc LLC and Tasameem Real Estate, with a collective portfolio, of which constitutes over USD 9B.
The organization works in different segments starting from education, to luxury homes and hotels, with one of the projects by Zaya Development in the sphere of education is Zaya Early Learning. The development company strives to construct its projects in harmony with the earth, life and people.
The first project of Zaya Development was a private island called Nurai, which was introduced in May 2008. The well-known island is located just a short 15 minute boat ride off the emirate of Abu Dhabi and includes a boutique hotel, five food and beverage outlets, a world-class oceanside spa, a beachclub and 65 luxury beachfront villas with 4, 5, 6 and 7 bedrooms. Guests can enjoy a dedicated butler service in villas, as well as the Thai massage treatment room, 6 stand alone treatment pavilions, and sauna and fitness facilities in the award-winning Nurai Spa.
The isolated island is situated a 10-minute boat ride from Saadiyat Island
and is easily accessible through the primary travel ports in the UAE. The starting price for a 4-bedroom waterfront villa with 6 bathrooms constitutes AED 25M (USD 6.8M). The rental price for this type of villa starts from AED 1.4M (USD 392K) per annum, therefore the estimated ROI will be at level 5–6%.